The Central Bank left the base rate unchanged at 14% per annum. The decision was made to reduce the inflation rate to 10% by the end of the year, the regulator noted. The main driver of inflation this year was the rise in food prices.
In January-September 2021, the foreign trade turnover (FTO) of Uzbekistan reached US$28.22 billion, which, compared to the same period in 2020, increased by US$680.4 million (an increase of 2, 5%). This was reported by the State Statistics Committee of Uzbekistan.
Due to foreign credit lines, the business of Uzbekistan received loans from commercial banks for $ 7.4 billion in 3.5 years. This was announced by the Central Bank in its review.
On April 22, 2021, Uzauto Motors JSC announced the forthcoming issue of its first international bonds in the amount of US $ 300 million and holding teleconferences with international investors.
The President signed a decree that defines the conditions for the initial (IPO) and secondary (SPO) public offering of shares of joint-stock companies, in the authorized capital of which the state share is 50 percent or more. This is stated in the Presidential Decree “On measures for the further development of the capital market.”
Hungarian OTP Bank participates in the privatization of one of the banks in Uzbekistan. President Shavkat Mirziyoyev said this during the ceremony of signing bilateral documents after the Uzbek-Hungarian talks.
This decision is due to the strengthening of the prerequisites for a further slowdown in the forecast inflation dynamics, the need to maintain moderately positive real interest rates in the economy, as well as to achieve a balance between the inflation target and maintaining economic activity in a pandemic.
In January-August 2020, state budget revenues amounted to 82,9 trillion soum, of which 63,5 trillion soum falls on receipts administered by tax authorities and
According to the State Statistics Committee, in January-July 2020, the foreign trade turnover (WTO) of Uzbekistan reached $ 19.54 billion, which, compared to the same period last year, decreased by $ 4.66 billion.
Capital Markets Development Agency of the Republic of Uzbekistan (CMDA), the United Nations Development Programme (UNDP) and Islamic Development Bank (IsDB) signed a Statement of Intent (SoI) in Sustainable Development Goals (SDGs) and development of Uzbekistan’s financial market, CMDA reports.
